An analysis of the Penn State athletic department’s latest report to the NCAA reveals that overall operating revenue for the athletic program declined by $7.9 million from the 2010-2011 academic years to the 2011-2012 academic years.
The latest report, which is posted on one of the school’s websites, is the first report since the scandal involving former assistant coach Jerry Sandusky broke in November 2011.
One of the bigger recent stories in the world of sport was the resignation of Mal Moore as the athletic director at the University of Alabama. In many ways, Moore was the face of athletics at Alabama. He served as the Athletic Director for 14 years and was affiliated with the university for all but about seven years since he arrived on the Tuscaloosa campus as a freshman football player in 1958.
Madrid’s decision to continue campaigning for the 2020 Olympics and Paralympics, despite Spain’s economic crisis, has been strongly defended by the country’s most senior International Olympic Committee (IOC) member, who claimed it is an “act of responsibility” for them to carry on bidding.
Shahid Khan spent a reported $760 million to buy the Jacksonville Jaguars National Football League (NFL) team in November 2011. The deal was finalized in January 2012. Khan spent a lot of money buying a football team in a small market that was struggling economically under the former owner Wayne Weaver. The team did have economic goodies thrown at them by various forms of local and state elected officials. Continue reading
A Synopsis of Evan Weiner’s New Book
(Editor’s Note—This new book by Evan Weiner is available as an e-book for $2.99 from Smashwords. It is suited for research purposes and includes quotes from the people who were there, including Lamar Hunt, Tex Schramm, Pete Rozelle, Joe Namath, Art Donavan, Dan Rooney among others. The book can be ordered at https://www.smashwords.com/books/view/268077). Continue reading
The University of Maryland announced Nov. 19 that it was moving its sports teams to the Big Ten conference for the 2014-1015 academic year. Maryland was one of the seven founding members of the Atlantic Coast Conference (ACC) back in 1953. The closest current Big Ten school to the Maryland campus in suburban Washington, D.C. is Penn State, which is some 300 miles away. Maryland’s most successful sport has historically been men’s basketball and the ACC is ranked with the Big Ten and the Big East as the premier basketball conferences in NCAA Division I.
So why did Maryland turn its back on 60 years of tradition and rivalries?
On May 3 a number of news outlets reported the story that the Florida State athletic department may be forced to cut as much as $2.4 million in expenses for the 2012-13 budget year so that the budget can be balanced. Athletic director Randy Spelman attributed the shortfall to declining revenues from the sale of football tickets.